1
You visited us
1
times! Enjoying our articles?
Unlock Full Access!
Byju's Answer
Standard XII
Accountancy
Need for Cash Flow Statement
The average t...
Question
The average time between giving the product to the customers and receiving payment is called
.
A
turnover ratio
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
cash conversion
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
days receivable
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
D
days payable
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution
The correct option is
C
days receivable
Days receivable is the average time between giving the product to the customers and receiving payment.
Suggest Corrections
0
Similar questions
Q.
Calculate Trade Payables Turnover Ratio and Average Debt payment Period from the following information:
1st April, 2018
₹
31st March, 2019
₹
Sundry Creditors
1,50,000
4,50,000
Bills Payable
50,000
1,50,000
Total Purchases ₹ 21,00,000; Purchases Return ₹ 1,00,000; Cash Purchases ₹ 4,00,000.
Q.
Trade payables turnover ratio is the ratio of net credit purchases to the average
.
Q.
Trade receivables turnover ratio defined as the ratio
to the average trade receivables.
Q.
Calculate Gross Profit Ratio from the following data:
Average Inventory ₹3,20,000; Inventory Turnover Ratio 8 Times; Average Trade Receivables ₹4,00,000; Trade Receivables Turnover Ratio 6 Times; Cash Sales 25% of Net Sales.